Wednesday, April 30, 2014

The System Is On Its Way Out

By Simon Black

Steve Jobs used to tell a very inspiring story about an article he read in Scientific American when he was a boy.

He said that the article measured the 'efficiency of locomotion' of various species-- essentially how many calories different animals spend getting from Point A to Point B.

The most efficient of all? Not human beings. Not by a long shot. It was
the condor. The condor expended the least amount of energy per meter or kilometer traveled. Human beings were pretty far down the list.

But as Jobs recounts, the authors had the foresight to also test the efficiency of a human being on a bicycle. And this absolutely blew all the other species away.

Jobs later said that this was incredibly influential on his thinking because he realized that human beings were fundamentally tool creators. We take our situation, however grim or rudimentary, and we make it better.

There's undoubtedly a lot of bad news in the world these days. Some people realize it. Others refuse to believe it and stick their heads in the sand.

Our century-old monetary system is unraveling before our very eyes.

This absurd structure in which we award a tiny central banking elite with the dictatorial power to control the money supply in their sole discretion is now drowning the world in paper currency.

ALL financial markets are manipulated by central banks, predominantly the Federal Reserve. One woman-- Janet Yellen-- has the power to affect the prices of nearly everything on the planet, from the wholesale price of coffee in Colombia to the cost of a luxury flat in Hong Kong.

Moreover, politicians in some of the most 'advanced' economies in the world (Japan, the US, France, the UK, etc.) have accumulated so much debt that they have to borrow money just to pay interest on the money they have already borrowed.

They have indebted generations who will not even be born for decades.

They wage endless, costly wars. They spy on their citizens. They tell people what they can and cannot put in their bodies. They confiscate private property and wages at the point of a gun.

They abuse the population with legions of heavily armed government agents. They conjure so many codes, rules, regulations, laws, and executive orders that it becomes nearly impossible for an individual to exist without being guilty of some innocuous, victimless crime.

And they arrogantly masquerade the entire ruse as a free society.

This system is on the way out. It will reset.

Like feudalism before, our system will go the way of the historical dust bin. And future historians will look back (just as we view feudalism) and say "why did they put up with that nonsense...?

This reset is nothing to fear. Human beings are incredible creatures who have a long-term track record of growth. We rise. We progress.

Or more appropriately, we ride bicycles. We create tools to overcome our challenges. And make no mistake, there are already a lot of tools out there.

If your home country's currency is being rapidly debased, you hold some savings in a different currency. Or the anti-currency (precious metals).

If your home country's banking system is inadequately capitalized, you can move a portion of your savings to a strong, stable banking jurisdiction abroad.

If freedom is being rapidly degraded in your home country, you can move to a new one! Or at least obtain residency in another country so that you'll have a place to go should you ever need to leave.

I liken all of these to wearing a seatbelt-- another one of humanity's marvelous tools.

You won't be worse off for holding some funds in a stable bank overseas. Or for wearing a seatbelt. But if the worst happens, it can make all the difference in the world.

Buckle up.

You never know an accident is about to happen until it's too late. But the warning signs of danger are all there: it's raining and the road is slippery, fog has descended and visibility is severely limited. It's an ominous evening.

Make sure you have your seatbelt on.

Simon Black is Senior Editor  at SovereignMan.com. Follow Sovereign Man on Facebook, Twitter, Google+

1 comment:

  1. Maybe it's the lingering Ayn Rand influence on me, but clearly there are animals who are faster, stronger, have better senses of smell, hearing, sight, etc. It's man's reason which enables us to survive and thrive. Any restriction on the application of reason threatens our way of life and eventually our existence.

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